Learn How to Trade Currency- An Introduction to the Market

Forex or the Foreign Exchange Market, which is better known as Forex is a global market for buying and selling currencies. It handles a great volume of transactions 24 hours a day and 5 days a week. The daily transaction takes place here is worth approximately $1.5 trillion. The Forex Market was established back in 1971 with the removal of fixed currency exchanges. Currencies turned valued at ‘floating’ rates determined by supply and demand. The Foreign exchange market grew constantly throughout the 1970’s, but with the technological advances in the 80’s, Forex grew from trading levels of $70 billion a day to $1.5 trillion current day. Novice traders can Learn How to Trade in Forex Market from the Forex trading mentors available in their locality, UK or online. They can learn to create strategies to trade in Forex with Best Forex courses available or from Top Forex Seminars organized by reputed investors and brokers.

There are many advantages of trading in Forex:

— Liquidity: Investments in Forex are extremely liquid because of the size of the Foreign Exchange Market. International banks continuously provides bid and ask price and the high number of transactions each day that means the buyers or a sellers for any currency are always available.

— Accessibility: The Forex market is open 24 hours a day and 5 days a week. The market opens Monday morning as per the Australian time and closes on Friday afternoon New York time. Trades in this market can be done on the Internet from anywhere. Traders can get trading advice from the Forex Trading Mentors while trading also.

— No commission Fees: In Forex, there is no commission; brokers earn money by setting a ‘spread’.  If you are new in Forex market and want to know more, you can take help from best Forex courses available online.

 

How does the Forex market work?

In Forex market, currencies are traded in pairs. The transaction in the market involves selling one currency in exchange of other, but there is fixed pairs in which traders can trade.

This is a safe market for the individual investor to trade. You can get to learn about Forex trading and Forex market by attending the top Forex seminars.

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